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Abu Dhabi steps up US gas investment over hopes of industry boom

Financial Times LogoFinancial Times5d ago

Abu Dhabi steps up US gas investment over hopes of industry boom - Financial Times

Quick Summary:

It is also expanding in petrochemicals, and its energy investment platform XRG acquired German chemicals maker Covestro last year.

The gas production business, Kimmeridge Texas Gas, produces about 500mn cubic feet of natural gas equivalent per day from the prolific Eagle Ford region of South Texas, and expects to increase this to 1.5bn cubic feet per day by 2031.

Abu Dhabi’s national oil company last year acquired an 11.7 per cent stake in NextDecade’s Rio Grande gas export facility in Texas.

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Article Details

Author / Journalist: Chloe Cornish

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-10 @ 12:01:18 (5 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 526 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 27772829

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 13 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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Publisher ID: #3

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